Find A Loan Expert
Get Started
  • Products
    • Home Loans
    • Construction & Renovation Loans
    • Refinance
    • Specialty Financing
  • Resources
    • COVID-19 Resource Guide
    • Mortgage Calculators
    • Freddie Mac and Fannie Mae Loan Lookup Tools
    • Frequently Asked Questions
    • Links and Downloads
    • Glossary
  • Blog
  • About
    • Our People
    • Leadership Team
    • Careers
    • Giving Back
  • Contact
Find A Loan Expert
Get Started
  • English
  • Spanish

Main Menu

A Dynamic Mortgage Option with Lower Introductory Interest Rates

Adjustable Rate Mortgage (ARM) Loan Options


Today’s home buyers are in a unique position to combine the benefits of a fixed rate mortgage with the savings opportunities of an Adjustable Rate Mortgage (ARM). Our “Hybrid ARM” solutions give you the best of both worlds.

How Does an Adjustable Rate Mortgage Work?

An ARM offers a fixed rate term followed by regular rate adjustment intervals thereafter.

These loans are often represented by fractions, such as 10/1. The first number represents the number of years the interest rate is fixed. The second number indicates the adjustment interval, or how often the interest rate will change.

For example, in a 7/1 loan, the fixed period is 7 years. After that time, the interest rate adjusts every 1 year for the life of the loan.

Benefits of Adjustable Rate Mortgages

There are several potential advantages of adjustable rate mortgages, including:

  • A great choice for buyers who plan to move or refinance in the next few years
  • Lower interest rates during the initial fixed term
  • Choose from 5, 7, 10, and even 15 year fixed rate terms
  • Conventional and Jumbo loan amounts are available
  • Adjustment caps help protect against surprises

Learn More


Mortgage Options

Check out the many home financing options we have available.

Click Here

Mortgage FAQ

Straightforward answers to the mortgage questions we get asked most often.

Click Here

Mortgage Calculators

Try our calculators to start planning your home buying journey.

Click Here

Ready to Get Started?

Find out if an Adjustable Rate Mortgage is right for you.

Talk to an Expert
Get In Touch

3201 Jermantown Road, Suite 800

Fairfax, VA 22030

Phone: 703.352.0721

Toll-Free: 866.833.LOAN

Navigation
  • Products
  • Resources
  • Blog
  • About
  • Contact Us
Product Offerings
  • Construction & Renovation Loans
  • Home Loans
  • Refinance
  • Specialty Financing

First Heritage Mortgage, LLC, Company NMLS ID #86548 (www.nmlsconsumeraccess.org)

  • Privacy Policy
  • Licenses
  • Texas Complaint Notice
  • Opt Out
  • Sitemap